Solar Panel Cost Guide in Northridge, OH (2024 Update)
- Northridge Solar Installation Cost: $17,780
- 25-Year Savings: $11,769
- Payback Period: 17.7 Years
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Average Cost of Solar Panels in Northridge
Find out how much it might cost to make the switch to solar in Northridge.
While the national average of solar panels is $2.66 per watt, solar panels in Northridge generally cost about 3.Using this figure, a typical 7.4-kW system would cost about $17,780 before the 0 federal solar tax credit is applied.
These figures are just averages, and your own solar costs will look different based on your specific situation and what company you go with.But, once you've paid the upfront cost of installation, the ROI for most homeowners is typically good, with a net average savings of about $13,000 over 20 years on electricity bills.
For a customized quote from a local solar company that has been pre-vetted by EcoWatch, click the button below.
Solar savings over time in Northridge
| Year | Return on Investment |
|---|---|
| 1 years | $-16,661 |
| 3 years | $-14,422 |
| 5 years | $-12,184 |
| 7 years | $-9,945 |
| 9 years | $-7,707 |
| 11 years | $-5,468 |
| 13 years | $-3,230 |
| 15 years | $-991 |
| 17 years | $1,247 |
| 19 years | $3,486 |
| 21 years | $5,724 |
| 23 years | $7,963 |
| 25 years | $10,201 |
Top Solar Installers in Northridge
Many homeowners opt for a solar installation company since trying to put up solar panels yourself can be a lot of work. Since solar panels are exposed to rain, snow, hail and wind, depending on the climate, warranties and repairs from your solar installer can help you get the most out of your investment in solar panels by avoiding potential costs down the line.
If you’d like to switch to solar energy but still aren’t sure which solar panel company to go with, here are our recommendations for providers in Northridge:
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
See all of the solar companies in Northridge
Factors that Affect Solar Panel Costs in Northridge
There are several factors that can determine your solar panel installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that does the installation.
Solar Equipment
System size, which is measured in kilowatts, is one of the largest factors that determines the overall cost of going solar. Because of that, it’s crucial to accurately assess the size of the solar energy system needed for your home by figuring out your energy needs.The brand of solar panels and equipment you want is another factor that will significantly affect costs. Solar panels that are more efficient, like monocrystalline panels, tend to come at a higher price. Furthermore, solar equipment is more than just the solar panels themselves. You’ll also need to consider the kind of racks used to mount the panels, inverters, solar batteries, etc. It’s important to take all of this into consideration when searching for a solar system that falls within your budget.
Solar Financing Terms
For some homeowners, paying for solar out of pocket can be challenging. Solar loans are available from most installers in Northridge, which can reduce, or in some cases completely eliminate, your upfront costs to make solar more affordable.It’s wise to include the interest you’ll pay in your final cost estimate. If you can afford to put more money down upfront, you can reduce your total costs and the amount of time it’ll take to pay off the loan.
Solar Panel Installation Company
The solar company you select will play a role in your total cost to adopt solar energy. Different companies will bill different amounts for the equipment and labor.You may notice national solar installers that have lower prices because of their larger brand name and access to bulk pricing, or you might see small, local installation companies offering deals or specials to compete with those major players.
Solar Panel Cost Data by System Size
| System size | Cost per system watt | Solar system cost | 25-Year savings | Payback period |
|---|---|---|---|---|
| 6 kW | $3.55 | $14,895 | $5,337 | 18.4 years |
| 8 kW | $3.48 | $19,478 | $7,498 | 18.1 years |
| 10 kW | $3.41 | $23,870 | $9,850 | 17.7 years |
| 12 kW | $3.34 | $28,071 | $12,392 | 17.3 years |
| 14 kW | $3.27 | $32,081 | $15,126 | 17.0 years |
| 16 kW | $3.21 | $35,900 | $18,051 | 16.6 years |
| 18 kW | $3.14 | $39,529 | $21,166 | 16.3 years |
| 20 kW | $3.07 | $42,966 | $24,473 | 15.9 years |
How to Save on Solar Panels
The company that does your solar system installation will affect the warranties and brands you have access to, and it will also have an impact on your total cost. Because selecting a company can be difficult, we have some tips to help you, such as:
- Solar Panel Brands: The type of solar panel you need plays a part in which company you should choose, since different companies offer different panels.
- Warranty: If you’re worried about the endurance of your solar panels, making sure your installer offers a 25-year, all-inclusive warranty can give you some peace of mind.
- Installation Process: Make sure you’re aligned with the company in regard to how the installation process will go and what you need to do before your solar system is installed, such as repairing your electrical system or roof.
- Contract: Read the contract terms thoroughly to make sure you understand the overall cost, project completion timeline rebates and warranties.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
EcoWatch's Northridge, OH Solar Cost FAQs
What is the average cost of installing solar panels in Northridge?
This is a hard question to answer precisely, because the cost depends on a variety of factors. Broadly speaking, it costs about $17,050 for a 5-kW system and $34,100 for a 10-kW system after the ITC is applied. It will cost more if you want extra solar equipment or more efficient panels, or if you have higher-than-average energy usage. Conversely, you can spend less if you opt for a smaller solar panel system or less expensive solar panels.
Are solar panels free in Northridge?
You can’t get solar panels for free in Northridge. However, you may still be able to afford them on a lower budget. You can lease solar panels for a low upfront cost or, if you’d prefer to own your solar panels, you can finance them with a solar loan.
Does Northridge have a net metering program?
The majority of states offer net metering programs of some kind. Through these, you can receive compensation for the extra power your system produces or or receive credits to put toward future utility bills. Currently there are just three states that don’t have any net metering laws: Alabama, Tennessee and South Dakota.
How long do solar panels last in Northridge?
Though the average lifespan of solar panels is 25 to 30 years, that doesn't mean they stop working completely at that time. What this means is the amount of energy they produce will have decreased significantly after that point. You can decide to replace them once you've had them for that long or you can keep using them at a lower efficiency.
Our goal is to reach as many people as we can with sensible solutions like solar energy. Our team of full-time local researchers collects solar price and installation data for every city in America then compiles it to create these digestible city guides. If you want to read our solar expert's opinion on the top solar companies featured here, follow this link.
Company research was conducted by Melissa Smith and Karsten Neumeister. Local data analysis was conducted by James Savino. See something we missed or could do better? Email the editor.